Record AUM of $152.6 Billion
Diluted Loss Per Share of ($0.17); Adjusted Earnings Per Share of $0.27
17% Annualized Organic Flow Growth Rate
Operating Margin Expanded by 560 bps Year over Year; or 770 bps, on an Adjusted Basis
NEW YORK--(BUSINESS WIRE)--WisdomTree, Inc. (NYSE: WT), a global financial innovator, today reported financial results for the first quarter of 2026.
($23.1) million of net loss ($40.6(1) million of net income, as adjusted), including a loss on extinguishment of convertible notes of $62.3 million, comprised of a loss on extinguishment of $16.9 million associated with the repurchase of $75.0 million in aggregate principal amount of our 3.25% convertible senior notes due 2026 (the “2026 Notes”) and a $45.4 million inducement expense related to the repurchase of $275.0 million in aggregate principal amount of our 3.25% convertible senior notes due 2029 (the “2029 Notes”). See “Non-GAAP Financial Measurements” for additional information.
$152.6 billion of ending AUM, an increase of 5.6% from the prior quarter arising primarily from net inflows and market appreciation.
$5.9 billion of net inflows, primarily driven by inflows into our international developed equity, fixed income and leveraged and inverse products across the United States and Europe.
0.36% average advisory fee, a 1 basis point increase from the prior quarter.
0.42% revenue yield(2), unchanged from the prior quarter.
$159.5 million of operating revenues, an increase of 8.2% from the prior quarter due to higher average AUM and higher other revenues attributable to our European listed exchange-traded products (“ETPs”).
84.4% gross margin(1), a 1.2 point increase from the prior quarter primarily due to higher revenues.
37.2% operating income margin (39.3%(1) as adjusted), a 3.3 point decrease (2.4 point decrease, as adjusted) from the prior quarter primarily due to seasonally higher compensation expense.
$603.75 million issuance of convertible senior notes due 2031 (the “2031 Notes”), bearing interest at a rate of 4.50% and issued with a conversion price of $21.58 per share. Concurrent with the issuance of the 2031 Notes, we completed separate, privately negotiated transactions with certain holders of our outstanding 2026 Notes (conversion price of $11.04 per share) to exchange $75.0 million in aggregate principal amount of the 2026 Notes for approximately 6.81 million shares of our common stock and with certain holders of our outstanding 2029 Notes (conversion price of $11.82 per share) to exchange $275.0 million in aggregate principal amount of the 2029 Notes for approximately $302.7 million in cash and approximately 4.19 million shares of common stock.
$0.03 quarterly dividend declared, payable on May 27, 2026 to stockholders of record as of the close of business on May 13, 2026.
Update from Jarrett Lilien, WisdomTree President and COO
“This was another quarter of consistent, broad-based execution, with nearly $6 billion of net inflows and continued momentum across the business. What stands out most is the quality and breadth of those flows, with clients engaging across asset classes, geographies and use cases. That speaks to the strength of our platform and our ability to generate growth across market environments. We are not reliant on any single product or theme – our business is becoming increasingly diversified, resilient and positioned to scale.” |
Update from Jonathan Steinberg, WisdomTree CEO
“We delivered another quarter of strong execution in a volatile environment, reinforcing the strength of a business that is becoming more diversified, more durable and increasingly capable of compounding growth over time. Our strategy is centered on building a high-quality growth platform – combining organic momentum with disciplined, strategic acquisitions like Ceres Partners and Atlantic House that expand our capabilities, enhance our economics and accelerate our long-term trajectory. We believe this positions WisdomTree to deliver sustained growth, margin expansion and increasing earnings power.” |
OPERATING AND FINANCIAL HIGHLIGHTS
| Three Months Ended | ||||||||||||||
| Mar. 31, 2026 | Dec. 31, 2025 | Sept. 30, 2025 | June 30, 2025 | Mar. 31, 2025 | ||||||||||
Consolidated Operating Highlights ($ in billions): |
|
|
|
|
| ||||||||||
AUM—end of period | $ | 152.6 |
| $ | 144.5 |
| $ | 137.2 |
| $ | 126.1 |
| $ | 115.8 |
|
Net inflows/(outflows) | $ | 5.9 |
| $ | (0.3 | ) | $ | 2.2 |
| $ | 3.5 |
| $ | 3.1 |
|
Average AUM | $ | 154.7 |
| $ | 140.7 |
| $ | 130.8 |
| $ | 119.2 |
| $ | 114.6 |
|
Average advisory fee |
| 0.36% |
| 0.35% |
| 0.35% |
| 0.35% |
| 0.35% | |||||
Revenue yield(2) |
| 0.42% |
| 0.42% |
| 0.38% |
| 0.38% |
| 0.38% | |||||
|
|
|
|
|
| ||||||||||
Consolidated Financial Highlights ($ in millions, except per share amounts): |
|
|
|
|
| ||||||||||
Operating revenues | $ | 159.5 |
| $ | 147.4 |
| $ | 125.6 |
| $ | 112.6 |
| $ | 108.1 |
|
Net (loss)/income | $ | (23.1 | ) | $ | 40.0 |
| $ | 19.7 |
| $ | 24.8 |
| $ | 24.6 |
|
Diluted (loss)/earnings per share | $ | (0.17 | ) | $ | 0.28 |
| $ | 0.13 |
| $ | 0.17 |
| $ | 0.17 |
|
Operating income margin |
| 37.2% |
| 40.5% |
| 36.3% |
| 30.8% |
| 31.6% | |||||
|
|
|
|
|
| ||||||||||
As Adjusted (Non-GAAP(1)): |
|
|
|
|
| ||||||||||
Operating revenues, as adjusted | $ | 159.5 |
| $ | 147.4 |
| $ | 125.6 |
| $ | 112.6 |
| $ | 108.1 |
|
Gross margin |
| 84.4% |
| 83.2% |
| 82.2% |
| 81.1% |
| 80.8% | |||||
Net income, as adjusted | $ | 40.6 |
| $ | 41.2 |
| $ | 34.5 |
| $ | 25.9 |
| $ | 23.0 |
|
Diluted earnings per share, as adjusted | $ | 0.27 |
| $ | 0.29 |
| $ | 0.23 |
| $ | 0.18 |
| $ | 0.16 |
|
Operating income margin, as adjusted |
| 39.3% |
| 41.7% |
| 38.3% |
| 32.5% |
| 31.6% | |||||
|
|
|
|
|
| ||||||||||
RECENT BUSINESS DEVELOPMENTS
Company News
Product News
|
WISDOMTREE, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (Unaudited) | |||||||||||||||
| Three Months Ended | ||||||||||||||
| Mar. 31, 2026 | Dec. 31, 2025 | Sept. 30, 2025 | June 30, 2025 | Mar. 31, 2025 | ||||||||||
Operating Revenues: |
|
|
|
|
| ||||||||||
Advisory fees | $ | 134,880 |
| $ | 122,712 |
| $ | 114,485 |
| $ | 103,241 |
| $ | 99,549 |
|
Management fees |
| 5,231 |
|
| 4,908 |
|
| — |
|
| — |
|
| — |
|
Performance fees |
| 2,955 |
|
| 7,105 |
|
| — |
|
| — |
|
| — |
|
Other revenues |
| 16,404 |
|
| 12,709 |
|
| 11,131 |
|
| 9,380 |
|
| 8,533 |
|
Total revenues |
| 159,470 |
|
| 147,434 |
|
| 125,616 |
|
| 112,621 |
|
| 108,082 |
|
Operating Expenses: |
|
|
|
|
| ||||||||||
Compensation and benefits |
| 47,517 |
|
| 37,273 |
|
| 33,791 |
|
| 32,827 |
|
| 33,788 |
|
Fund management and administration |
| 24,880 |
|
| 24,830 |
|
| 22,353 |
|
| 21,252 |
|
| 20,714 |
|
Marketing and advertising |
| 5,392 |
|
| 5,613 |
|
| 4,788 |
|
| 5,330 |
|
| 4,813 |
|
Sales and business development |
| 4,197 |
|
| 4,045 |
|
| 3,943 |
|
| 4,232 |
|
| 4,137 |
|
Professional fees |
| 3,308 |
|
| 3,596 |
|
| 3,505 |
|
| 3,177 |
|
| 2,782 |
|
Occupancy, communications and equipment |
| 1,935 |
|
| 1,892 |
|
| 1,601 |
|
| 1,559 |
|
| 1,482 |
|
Depreciation and amortization |
| 2,096 |
|
| 2,043 |
|
| 615 |
|
| 580 |
|
| 540 |
|
Third-party distribution fees |
| 5,795 |
|
| 4,772 |
|
| 3,977 |
|
| 4,083 |
|
| 3,112 |
|
Acquisition-related costs |
| 1,933 |
|
| 317 |
|
| 2,409 |
|
| 1,967 |
|
| — |
|
Other |
| 3,067 |
|
| 3,306 |
|
| 2,980 |
|
| 2,982 |
|
| 2,552 |
|
Total operating expenses |
| 100,120 |
|
| 87,687 |
|
| 79,962 |
|
| 77,989 |
|
| 73,920 |
|
Operating income |
| 59,350 |
|
| 59,747 |
|
| 45,654 |
|
| 34,632 |
|
| 34,162 |
|
Other Income/(Expenses): |
|
|
|
|
| ||||||||||
Interest expense |
| (11,023 | ) |
| (11,023 | ) |
| (8,466 | ) |
| (5,490 | ) |
| (5,441 | ) |
Interest income |
| 2,592 |
|
| 2,965 |
|
| 4,015 |
|
| 2,090 |
|
| 1,897 |
|
Loss on extinguishment of convertible notes |
| (62,302 | ) |
| (833 | ) |
| (13,011 | ) |
| — |
|
| — |
|
Remeasurement of contingent consideration |
| (2,562 | ) |
| (710 | ) |
| — |
|
| — |
|
| — |
|
Other losses and gains, net |
| (637 | ) |
| 317 |
|
| 1,325 |
|
| 638 |
|
| (250 | ) |
(Loss)/income before income taxes |
| (14,582 | ) |
| 50,463 |
|
| 29,517 |
|
| 31,870 |
|
| 30,368 |
|
Income tax expense |
| 8,549 |
|
| 10,437 |
|
| 9,816 |
|
| 7,093 |
|
| 5,739 |
|
Net (loss)/income | $ | (23,131 | ) | $ | 40,026 |
| $ | 19,701 |
| $ | 24,777 |
| $ | 24,629 |
|
(Loss)/earnings per share—basic | $ | (0.17 | ) | $ | 0.29 |
| $ | 0.14 | (3) | $ | 0.17 |
| $ | 0.17 |
|
(Loss)/earnings per share—diluted | $ | (0.17 | ) | $ | 0.28 |
| $ | 0.13 | (3) | $ | 0.17 |
| $ | 0.17 |
|
Weighted average common shares—basic |
| 138,005 |
|
| 136,340 |
|
| 139,584 |
|
| 143,076 |
|
| 142,580 |
|
Weighted average common shares—diluted |
| 138,005 |
|
| 143,314 |
|
| 150,675 |
|
| 146,640 |
|
| 146,545 |
|
|
|
|
|
|
| ||||||||||
As Adjusted (Non-GAAP(1)) |
|
|
|
|
| ||||||||||
Total revenues | $ | 159,470 |
| $ | 147,434 |
| $ | 125,616 |
| $ | 112,621 |
| $ | 108,082 |
|
Total operating expenses | $ | 96,752 |
| $ | 85,936 |
| $ | 77,553 |
| $ | 76,022 |
| $ | 73,920 |
|
Operating income | $ | 62,718 |
| $ | 61,498 |
| $ | 48,063 |
| $ | 36,599 |
| $ | 34,162 |
|
Income before income taxes | $ | 54,654 |
| $ | 53,840 |
| $ | 45,318 |
| $ | 33,798 |
| $ | 30,947 |
|
Income tax expense | $ | 14,061 |
| $ | 12,605 |
| $ | 10,842 |
| $ | 7,935 |
| $ | 7,933 |
|
Net income | $ | 40,593 |
| $ | 41,235 |
| $ | 34,476 |
| $ | 25,863 |
| $ | 23,014 |
|
Earnings per share—diluted | $ | 0.27 |
| $ | 0.29 |
| $ | 0.23 |
| $ | 0.18 |
| $ | 0.16 |
|
Weighted average common shares—diluted |
| 152,372 |
|
| 143,314 |
|
| 150,675 |
|
| 146,640 | 146,545 | |||
QUARTERLY HIGHLIGHTS
Operating Revenues
- Operating revenues increased 8.2% from the fourth quarter of 2025, driven by higher average AUM, a higher average advisory fee and increased other revenues attributable to our European listed ETPs, partly offset by lower performance fees. Operating revenues increased 47.5% from the first quarter of 2025, driven by higher average AUM, a higher average advisory fee, revenues arising from our acquisition of Ceres Partners, LLC (the “Ceres Acquisition”) and increased other revenues from our European listed ETPs.
- Our average advisory fee was 0.36% for the first quarter of 2026, compared to 0.35% for both the first and fourth quarters of 2025.
Operating Expenses
- Operating expenses increased 14.2% from the fourth quarter of 2025 primarily due to higher seasonal compensation expenses related to payroll taxes, benefits and other costs associated with year-end bonus payments, as well as acquisition-related costs associated with our acquisition of Atlantic House and higher third-party distribution fees.
- Operating expenses increased 35.4% from the first quarter of 2025, primarily due to higher incentive compensation and headcount, as well as increases in fund management and administration expenses, acquisition-related costs, third-party distribution fees and amortization of intangible assets.
Other Income/(Expenses)
- Interest expense was essentially unchanged from the fourth quarter of 2025 and increased 102.6% from the first quarter of 2025 due to a higher level of debt outstanding.
- Interest income decreased 12.6% from the fourth quarter of 2025 and increased 36.6% from the first quarter of 2025, primarily due to changes in interest rates and the level of interest-earning assets.
- During the first quarter of 2026, we recognized a $62.3 million loss related to transactions involving our convertible notes, comprised of a loss on extinguishment of $16.9 million associated with the repurchase of $75.0 million in aggregate principal amount of our 2026 Notes and a $45.4 million inducement expense related to the repurchase of $275.0 million in aggregate principal amount of our 2029 Notes.
- Contingent consideration related to the Ceres Acquisition increased from $11.8 million on December 31, 2025 to $14.4 million at March 31, 2026, resulting in a $2.6 million loss on remeasurement recognized during the first quarter of 2026.
- Other losses and gains, net, was a loss of $0.6 million for the first quarter of 2026. This included net losses of $0.9 million on our financial instruments owned and net losses of $0.5 million on our investments. Gains and losses also generally arise from the sale of gold and cryptocurrency earned from advisory fees paid by our physically-backed gold and crypto ETPs, foreign exchange fluctuations and miscellaneous items.
Income Taxes
- Our effective income tax rate for the first quarter of 2026 was negative 58.6%, resulting in income tax expense of $8.5 million. Despite a pre-tax loss for the quarter, we recorded income tax expense primarily due to certain non-deductible amounts associated with the extinguishment of convertible notes, which caused our effective tax rate to differ from the U.S. federal statutory rate of 21.0%. Other items impacting our effective tax rate included non-deductible executive compensation, partly offset by state and local taxes and tax windfalls associated with the vesting of stock-based compensation awards.
- Our adjusted effective income tax rate for the first quarter of 2026 was 25.7%(1).
CONFERENCE CALL DIAL-IN AND WEBCAST DETAILS
WisdomTree will discuss its results and operational highlights during a live webcast on Friday, May 1, 2026 at 11:00 a.m. ET, which, together with all earnings materials, can be accessed via WisdomTree’s investor relations website at https://ir.wisdomtree.com. A replay of the webcast will be available shortly after the call.
Participants also can dial in using the following numbers: (877) 407-9210 or (201) 689-8049. Click here to access the participant international toll-free access numbers.
To avoid delays, we encourage participants to log in or dial into the conference call 10 minutes ahead of the scheduled start time.
About WisdomTree
WisdomTree is a global financial innovator, offering a diverse suite of exchange-traded products (ETPs), models and solutions, private market investments and digital asset-related products. Our offerings empower investors to shape their financial future and equip financial professionals to grow their businesses. Leveraging the latest financial infrastructure, we create products that emphasize access, transparency and provide an enhanced user experience. Building on our heritage of innovation, we offer next-generation digital products and services related to tokenized real world assets and stablecoins, as well as our institutional platform, WisdomTree Connect™ and blockchain-native digital wallet, WisdomTree Prime®*, and have expanded into private markets through the acquisition of Ceres Partners’ U.S. farmland platform.
* The WisdomTree Connect institutional platform and WisdomTree Prime digital wallet and digital asset services are made available through WisdomTree Digital Movement, Inc., a federally registered money services business, state-licensed money transmitter and financial technology company (NMLS ID: 2372500) or WisdomTree Digital Trust Company, LLC, and may be limited where prohibited by law. WisdomTree Digital Trust Company, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business. Visit https://wisdomtreeconnect.com, https://www.wisdomtreeprime.com or the WisdomTree Prime mobile app for more information.
WisdomTree currently has approximately $163.19 billion in assets under management globally, inclusive of assets managed by Ceres Partners, LLC as of the last reportable period.
For more information about WisdomTree, WisdomTree Connect and WisdomTree Prime, visit: https://www.wisdomtree.com.
Please visit us on X at @WisdomTreeNews.
WisdomTree® is the marketing name for WisdomTree, Inc. and its subsidiaries worldwide.
PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE CONNECT AND WISDOMTREE PRIME:
NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT | MAY LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT AGENCY
The products and services available through WisdomTree Connect and the WisdomTree Prime app are not endorsed, indemnified or guaranteed by any regulatory agency.
References to third-party platforms, protocols, or use cases are provided for informational purposes only and do not constitute an endorsement, recommendation, or solicitation by WisdomTree or its affiliates. WisdomTree and its affiliates do not control or operate such third-party platforms or protocols and are not responsible for their operation or performance.
| ____________________ | ||
(1) |
| See “Non-GAAP Financial Measurements.” |
(2) |
| Revenue yield is computed by dividing our annualized adjusted operating revenues as reported in the GAAP to Non-GAAP Reconciliation herein by our average AUM during the period. |
(3) |
| Earnings per share (“EPS”) is calculated pursuant to the two-class method as it results in a lower EPS amount as compared to the treasury stock method. In addition, the three months ended September 30, 2025 includes $718 of stock repurchase excise taxes, which is excluded from net income, but is required to be added to net income to arrive at income available to common stockholders in the calculation of EPS. This item is excluded from our EPS when computed on a non-GAAP basis. |
WISDOMTREE, INC. AND SUBSIDIARIES KEY OPERATING STATISTICS (Unaudited) | |||||||||||||||||||
| Three Months Ended | ||||||||||||||||||
| Mar. 31, 2026 | Dec. 31, 2025 | Sept. 30, 2025 | June 30, 2025 | Mar. 31, 2025 | ||||||||||||||
GLOBAL PRODUCTS ($ in millions) |
|
|
|
|
| ||||||||||||||
Beginning of period assets | $ | 144,525 |
| $ | 137,175 |
| $ | 126,070 |
| $ | 115,787 |
| $ | 109,779 |
| ||||
Add: Digital Assets—Jan. 1, 2025 |
| — |
|
| — |
|
| — |
|
| — |
|
| 32 |
| ||||
Add: Assets acquired—Ceres Acquisition |
| — |
|
| 1,812 |
|
| — |
|
| — |
|
| — |
| ||||
Inflows/(outflows) |
| 5,934 |
|
| (283 | ) |
| 2,241 |
|
| 3,529 |
|
| 3,052 |
| ||||
Market appreciation |
| 2,097 |
|
| 5,821 |
|
| 8,864 |
|
| 6,754 |
|
| 2,924 |
| ||||
End of period assets | $ | 152,556 |
| $ | 144,525 |
| $ | 137,175 |
| $ | 126,070 |
| $ | 115,787 |
| ||||
Average assets during the period | $ | 154,663 |
| $ | 140,686 |
| $ | 130,760 |
| $ | 119,185 |
| $ | 114,622 |
| ||||
Average ETP advisory fee during the period |
| 0.36% |
| 0.35% |
| 0.35% |
| 0.35% |
| 0.35% | |||||||||
Total revenue yield |
| 0.42% |
| 0.42% |
| 0.38% |
| 0.38% |
| 0.38% | |||||||||
Revenue days |
| 90 |
|
| 92 |
|
| 92 |
|
| 91 |
|
| 90 |
| ||||
Number of products—end of the period |
| 416 |
|
| 405 |
|
| 397 |
|
| 383 |
|
| 375 | (1) | ||||
ETPs AND TOKENIZED PRODUCTS |
|
|
|
|
| ||||||||||||||
U.S. LISTED ETFs ($ in millions) |
|
|
|
|
| ||||||||||||||
Beginning of period assets | $ | 88,521 |
| $ | 88,293 |
| $ | 85,179 |
| $ | 80,531 |
| $ | 79,095 |
| ||||
Inflows/(outflows) |
| 2,643 |
|
| (1,108 | ) |
| (445 | ) |
| 1,110 |
|
| 1,847 |
| ||||
Market (depreciation)/appreciation |
| (218 | ) |
| 1,336 |
|
| 3,559 |
|
| 3,538 |
|
| (411 | ) | ||||
End of period assets | $ | 90,946 |
| $ | 88,521 |
| $ | 88,293 |
| $ | 85,179 |
| $ | 80,531 |
| ||||
Average assets during the period | $ | 91,742 |
| $ | 88,074 |
| $ | 87,205 |
| $ | 81,525 |
| $ | 81,127 |
| ||||
Number of ETFs—end of the period |
| 90 |
|
| 85 |
|
| 84 |
|
| 81 |
|
| 78 |
| ||||
EUROPEAN LISTED ETPs ($ in millions) |
|
|
|
|
| ||||||||||||||
Beginning of period assets | $ | 53,345 |
| $ | 48,290 |
| $ | 40,541 |
| $ | 35,124 |
| $ | 30,684 |
| ||||
Inflows |
| 3,118 |
|
| 609 |
|
| 2,448 |
|
| 2,201 |
|
| 1,104 |
| ||||
Market appreciation |
| 2,295 |
|
| 4,446 |
|
| 5,301 |
|
| 3,216 |
|
| 3,336 |
| ||||
End of period assets | $ | 58,758 |
| $ | 53,345 |
| $ | 48,290 |
| $ | 40,541 |
| $ | 35,124 |
| ||||
Average assets during the period | $ | 60,193 |
| $ | 50,102 |
| $ | 42,853 |
| $ | 37,439 |
| $ | 33,415 |
| ||||
Number of ETPs—end of the period |
| 306 |
|
| 300 |
|
| 295 |
|
| 285 |
|
| 280 |
| ||||
DIGITAL ASSETS ($ in millions) |
|
|
|
|
| ||||||||||||||
Beginning of period assets | $ | 770 |
| $ | 592 |
| $ | 350 |
| $ | 132 |
| $ | — |
| ||||
Add: Digital Assets—Jan. 1, 2025 |
| — |
|
| — |
|
| — |
|
| — |
|
| 32 |
| ||||
Inflows |
| 98 |
|
| 179 |
|
| 238 |
|
| 218 |
|
| 101 |
| ||||
Market (depreciation)/appreciation |
| (1 | ) |
| (1 | ) |
| 4 |
|
| — |
|
| (1 | ) | ||||
End of period assets | $ | 867 |
| $ | 770 |
| $ | 592 |
| $ | 350 |
| $ | 132 |
| ||||
Average assets during the period | $ | 781 |
| $ | 695 |
| $ | 702 |
| $ | 221 |
| $ | 80 |
| ||||
Number of products—end of the period |
| 19 |
|
| 19 |
|
| 18 |
|
| 17 |
|
| 17 | (1) | ||||
PRIVATE ASSETS ($ in millions) |
|
|
|
|
| ||||||||||||||
Beginning of period assets | $ | 1,889 |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| ||||
Add: Assets acquired—Ceres Acquisition |
| — |
|
| 1,812 |
|
| — |
|
| — |
|
| — |
| ||||
Inflows |
| 75 |
|
| 37 |
|
| — |
|
| — |
|
| — |
| ||||
Market appreciation |
| 21 |
|
| 40 |
|
| — |
|
| — |
|
| — |
| ||||
End of period assets | $ | 1,985 |
| $ | 1,889 |
| $ | — |
| $ | — |
| $ | — |
| ||||
Average assets during the period | $ | 1,947 |
| $ | 1,815 |
| $ | — |
| $ | — |
| $ | — |
| ||||
Number of products—end of the period |
| 1 |
|
| 1 |
|
| — |
|
| — |
|
| — |
| ||||
ETPs AND TOKENIZED PRODUCT CATEGORIES ($ in millions) |
|
|
|
|
| ||||||||||||||
U.S. Equity |
|
|
|
|
| ||||||||||||||
Beginning of period assets | $ | 41,427 |
| $ | 40,977 |
| $ | 38,617 |
| $ | 35,628 |
| $ | 35,414 |
| ||||
Add: Digital Assets—Jan. 1, 2025 |
| — |
|
| — |
|
| — |
|
| — |
|
| 9 |
| ||||
Inflows |
| 354 |
|
| 191 |
|
| 32 |
|
| 1,287 |
|
| 963 |
| ||||
Market (depreciation)/appreciation |
| (270 | ) |
| 259 |
|
| 2,328 |
|
| 1,702 |
|
| (758 | ) | ||||
End of period assets | $ | 41,511 |
| $ | 41,427 |
| $ | 40,977 |
| $ | 38,617 |
| $ | 35,628 |
| ||||
Average assets during the period | $ | 42,394 |
| $ | 41,161 |
| $ | 40,024 |
| $ | 36,080 |
| $ | 36,281 |
| ||||
|
|
|
|
|
| ||||||||||||||
Commodity & Currency |
|
|
|
|
| ||||||||||||||
Beginning of period assets | $ | 36,980 |
| $ | 31,705 |
| $ | 26,696 |
| $ | 25,487 |
| $ | 21,906 |
| ||||
Add: Digital Assets—Jan. 1, 2025 |
| — |
|
| — |
|
| — |
|
| — |
|
| 1 |
| ||||
Inflows/(outflows) |
| 35 |
|
| 177 |
|
| 1,096 |
|
| (110 | ) |
| (159 | ) | ||||
Market appreciation |
| 3,295 |
|
| 5,098 |
|
| 3,913 |
|
| 1,319 |
|
| 3,739 |
| ||||
End of period assets | $ | 40,310 |
| $ | 36,980 |
| $ | 31,705 |
| $ | 26,696 |
| $ | 25,487 |
| ||||
Average assets during the period | $ | 41,458 |
| $ | 33,824 |
| $ | 28,162 |
| $ | 25,888 |
| $ | 23,993 |
| ||||
International Developed Market Equity |
|
|
|
|
| ||||||||||||||
Beginning of period assets | $ | 25,616 |
| $ | 23,893 |
| $ | 21,725 |
| $ | 18,178 |
| $ | 17,602 |
| ||||
Inflows |
| 3,495 |
|
| 1,147 |
|
| 478 |
|
| 1,646 |
|
| 474 |
| ||||
Market appreciation |
| 75 |
|
| 576 |
|
| 1,690 |
|
| 1,901 |
|
| 102 |
| ||||
End of period assets | $ | 29,186 |
| $ | 25,616 |
| $ | 23,893 |
| $ | 21,725 |
| $ | 18,178 |
| ||||
Average assets during the period | $ | 29,349 |
| $ | 24,708 |
| $ | 22,481 |
| $ | 19,577 |
| $ | 18,275 |
| ||||
Fixed Income |
|
|
|
|
| ||||||||||||||
Beginning of period assets | $ | 21,074 |
| $ | 22,509 |
| $ | 22,543 |
| $ | 22,230 |
| $ | 20,043 |
| ||||
Add: Digital Assets—Jan. 1, 2025 |
| — |
|
| — |
|
| — |
|
| — |
|
| 21 |
| ||||
Inflows/(outflows) |
| 1,272 |
|
| (1,358 | ) |
| (58 | ) |
| 148 |
|
| 2,092 |
| ||||
Market appreciation/(depreciation) |
| 49 |
|
| (77 | ) |
| 24 |
|
| 165 |
|
| 74 |
| ||||
End of period assets | $ | 22,395 |
| $ | 21,074 |
| $ | 22,509 |
| $ | 22,543 |
| $ | 22,230 |
| ||||
Average assets during the period | $ | 21,187 |
| $ | 21,422 |
| $ | 23,128 |
| $ | 22,526 |
| $ | 21,464 |
| ||||
Emerging Market Equity |
|
|
|
|
| ||||||||||||||
Beginning of period assets | $ | 10,643 |
| $ | 10,855 |
| $ | 10,957 |
| $ | 9,985 |
| $ | 10,468 |
| ||||
(Outflows)/inflows |
| (206 | ) |
| (508 | ) |
| (250 | ) |
| 28 |
|
| (445 | ) | ||||
Market (depreciation)/appreciation |
| (294 | ) |
| 296 |
|
| 148 |
|
| 944 |
|
| (38 | ) | ||||
End of period assets | $ | 10,143 |
| $ | 10,643 |
| $ | 10,855 |
| $ | 10,957 |
| $ | 9,985 |
| ||||
Average assets during the period | $ | 10,902 |
| $ | 10,839 |
| $ | 10,874 |
| $ | 10,295 |
| $ | 10,072 |
| ||||
Leveraged & Inverse |
|
|
|
|
| ||||||||||||||
Beginning of period assets | $ | 3,275 |
| $ | 2,913 |
| $ | 2,631 |
| $ | 2,133 |
| $ | 1,924 |
| ||||
Inflows/(outflows) |
| 565 |
|
| (15 | ) |
| (52 | ) |
| 141 |
|
| 116 |
| ||||
Market (depreciation)/appreciation |
| (177 | ) |
| 377 |
|
| 334 |
|
| 357 |
|
| 93 |
| ||||
End of period assets | $ | 3,663 |
| $ | 3,275 |
| $ | 2,913 |
| $ | 2,631 |
| $ | 2,133 |
| ||||
Average assets during the period | $ | 3,785 |
| $ | 3,097 |
| $ | 2,750 |
| $ | 2,354 |
| $ | 2,083 |
| ||||
Cryptocurrency |
|
|
|
|
| ||||||||||||||
Beginning of period assets | $ | 2,242 |
| $ | 3,168 |
| $ | 2,087 |
| $ | 1,553 |
| $ | 1,912 |
| ||||
Add: Digital Assets—Jan. 1, 2025 |
| — |
|
| — |
|
| — |
|
| — |
|
| 1 |
| ||||
Inflows/(outflows) |
| 137 |
|
| (117 | ) |
| 764 |
|
| 198 |
|
| (89 | ) | ||||
Market (depreciation)/appreciation |
| (596 | ) |
| (809 | ) |
| 317 |
|
| 336 |
|
| (271 | ) | ||||
End of period assets | $ | 1,783 |
| $ | 2,242 |
| $ | 3,168 |
| $ | 2,087 |
| $ | 1,553 |
| ||||
Average assets during the period | $ | 2,021 |
| $ | 2,550 |
| $ | 2,412 |
| $ | 1,800 |
| $ | 1,900 |
| ||||
Alternatives |
|
|
|
|
| ||||||||||||||
Beginning of period assets | $ | 1,379 |
| $ | 1,155 |
| $ | 814 |
| $ | 593 |
| $ | 510 |
| ||||
Inflows |
| 207 |
|
| 163 |
|
| 231 |
|
| 191 |
|
| 100 |
| ||||
Market (depreciation)/appreciation |
| (6 | ) |
| 61 |
|
| 110 |
|
| 30 |
|
| (17 | ) | ||||
End of period assets | $ | 1,580 |
| $ | 1,379 |
| $ | 1,155 |
| $ | 814 |
| $ | 593 |
| ||||
Average assets during the period | $ | 1,620 |
| $ | 1,270 |
| $ | 929 |
| $ | 665 |
| $ | 554 |
| ||||
|
|
|
|
|
| ||||||||||||||
Headcount |
| 357 |
|
| 360 |
|
| 338 |
|
| 321 |
|
| 315 |
| ||||
Contacts
Investor Relations
Jeremy Campbell
+1.917.267.3859
jeremy.campbell@wisdomtree.com
Media Relations
Jessica Zaloom
+1.917.267.3735
jzaloom@wisdomtree.com
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